Achieve Life Sciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Summary of assets and liabilities measured at fair value on recurring basis


(in thousands)	Level 1		Level 2		Level 3		September 30, 2012
Assets
Cash	$	2,335	$	—	$	—	$	2,335
Money market securities	$	9,341	$	—	$	—	$	9,341
Government securities	$	—	$	—	$	—	$	—
Corporate bonds and commercial paper	$	—	$	73,711	$	—	$	73,711

	$	11,676	$	73,711	$	—	$	85,387
Liabilities
Warrants	$	—	$	—	$	5,359	$	5,359

Summary of marketable securities


(in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value
2012
Cash	$	2,335	$	—	$	—		$	2,335
Money market securities	$	9,027	$	—	$	—		$	9,027

Cash and cash equivalents	$	11,362	$	—	$	—		$	11,362

Money market securities	$	314	$	—	$	—		$	314

Restricted cash	$	314	$	—	$	—		$	314

Corporate bonds and commercial paper	$	73,697	$	15	$	(1	)	$	73,711

Short-term investments	$	73,697	$	15	$	(1	)	$	73,711

Summary of changes in fair value of Level 3 financial liabilities


(In thousands)	Liability at December 31, 2011		Gain (loss) on warrants		Remaining Liability at September 30, 2012
Warrant liability	$	7,881	$	2,522	$	5,359

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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